Nonfungible tokens don’t live on the blockchain, experts say
Jonathan Victor noted that storing data off-chain doesn’t mean it’s centralized. It’s still decentralized when it’s done thoughtfully. Nonfungible tokens (NFTs) are advertised as blockchain-based technologies, there are misconceptions about how they are stored according to two experts. They argued that technically, these tokens do not exist in the blockchain but are actually stored elsewhere. In…
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